Zhiyun (Frances) Lee

Associate Professor of Economics

Frances Xu Lee joined Quinlan School of Business in 2016. Prior to Loyola, she has taught MBA students at Kellogg School of Management, undergraduate, Master of Science and Ph.D. students at University of Hong Kong. She also worked for an economics and litigation consulting firm in Boston.

Education

PhD in Managerial Economics and Strategy, Kellogg School of Management, Northwestern University
BBA, Chinese University of Hong Kong

Research Interests

Applied Microeconomics Theory
Industrial Organization
Law and Economics
Information Economics

Professional/Community Affiliations

Associate Editor, International Review of Law and Economics, 2024-Present

Courses Taught

ECON 201: Principles of Microeconomics
ECON 303: Intermediate Microeconomics
ECON 370: Pricing and Industrial Organization
ECON 420: Managerial Economics
Microeconomic theory at levels of PhD, MECON, undergraduate, and MBA; Industrial Organization.

Publications/Research Listings

'Gaming a Selective Admission System (joint with Wing Suen), International Economic Review, 2023, 64(1), pp. 413-443.

A Potentially Known Confidential Settlement, Journal of Law, Economics, and Organization, 2023, 39(2), pp.493-520. , Online Appendix

Information Validates the Prior: A Theorem on Bayesian Updating and Applications (joint with Navin Kartik and Wing Suen) American Economic Review: Insights. 2021, 3(2), pp.165-82.

Credibility of Crime Allegation (joint with Wing Suen) American Economic Journal: Microeconomics, 2020, 12(1):220-59.

Investment in Concealable Information by Biased Experts (joint with Wing Suen and Navin Kartik), RAND Journal of Economics, Spring 2017, Volume 48, No. 1, 24-43.

Awards

Teaching Excellence (Undergraduate) in 2024, Quinlan School of Business, Loyola University Chicago
Research Excellence in 2020, Quinlan School of Business, Loyola University Chicago